Member Info for Awax

Funny old game this, staying long that is. Sometimes it's right, other times you may say a profit is a profit?

Then there's my trade out of EEE in the 2p's............

Yes BP are involved in Georgia and many over at the now missing company which was FRR, speculated that they were going to be involved in their acreage. It seems Georgia has plenty of potential to be self sufficient and in fact a good exporter of the stuff. I would be surprised if there were not a pending RNS on the gas, otherwise it points to being linked to Indorama and the CCS?

I remember cc from the old Rheochem days Mrc and hadn't realised he'd got involved here till it was too late. Mind you I've done ok out of Roxi/Casp since I was given some info from the teacher a long long time ago.

Can't sit and watch this all day, but this news is the second step in the plan. The third is the gas which is much greater than this morning's RNS. So the 10%ers can have their profit and well done them! However, if they had sense they'd research this and at least leave some on the table.

Now the question has been raised as to who is this rather large E&P company and why haven't been named? Is it Chinese as has been said earlier, or is the US wanting to put a stake in the ground to send a message to Vlad? Is it Indorama who of course would love the fossil stuff for their fertiliser plant, whilst of course burying the CO2 in our empty wells?

Many visitors speak of good times coming in Georgia and I guess a lot depends on their politicians, particularly which way they look. East or West. They might just be playing a canny hand with the cards they have been dealt. Either way it seems there's a good wind in the Block sails. And finally to add, the name won't be changing unless we are bought out........and that is a possibility. Watching for the big buys.

Being dropped while they accumulate from impatient s/h and back to 16p tomorrow for the weekend.

Not mine so must credit Avi8r...........but for those arriving recently and the lth who need reminding, here's some comment worth considering.

Project III Farm-Out Success Scenarios

The Project III farm-out, targeting 2.77 TCF of 2C contingent gas resources with an NPV of $1.67 billion, offers transformational value depending on retention levels:

Conservative Scenario (10% Retention). Retained Value: $167 million

Target Share Price: 17.2p

Moderate Scenario (25% Retention). Retained Value: $418 million

Target Share Price: 42.9p

Optimistic Scenario (40% Retention). Retained Value: $668 million

Target Share Price: 68.6p

CCS Project Value Addition opportunity adds substantial additional value through 256 million metric tonnes of CO₂ storage capacity. With carbon credit prices ranging from $50-100 per tonne, the CCS project alone could be worth:

Conservative: $12.8 billion total value

Moderate: $19.2 billion total value

Optimistic: $25.6 billion total value

Assuming Block Energy retains 50% economic interest after partnerships, the retained CCS value ranges from $6.4-12.8 billion.

Combined Success Scenarios

When both Project III farm-out and CCS project succeed simultaneously:

Conservative Combined (P3 10% + CCS Low): Combined Value: $6.57 billion

Share Price: 675p

Moderate Combined (P3 25% + CCS Medium): Combined Value: $10.02 billion

Share Price: 1,029p

Optimistic Combined (P3 40% + CCS High): Combined Value: $13.47 billion

Share Price: 1,383p

Risk-Adjusted Optimum Price - Applying realistic success probabilities: Project III Success: 70% (based on current farm-out discussions and industry interest)

CCS Success: 60% (based on successful pilot completion and commercialization)

Risk-Adjusted Target: 622p

Timeline and Catalysts. The optimum share price achievement depends on key milestones:

Q4 2025 - Q1 2026: Project III farm-out completion expected

Mid-2025: CCS pilot injection scheduled

Q4 2025: CCS pilot results and commercial assessment

2026: Full-scale development decisions for both projects

These are NOT my guesses but from AI. Make of them what you will, but £6.00 share price would be very welcome. Just need to get through the current doldrums and see some positive movement towards supporting the above.

I think if there's a sniff of success with the CCS bobby, then we'd need the whole of Montana for the herd!

Can people just move along to the end there please......we need to get more of the herd into the paddock. Loads more wanting to get in, people and friends we've not seen for a long time. Let's hope they stay once they've done their research?

Can't buy a bean and even tried the 300,000 route.......nothing.

As was mentioned recently, such a high proportion of the stock held by employee trust. Seems they ain't selling at 1p.....needs to push much higher

We are so far under the radar, even The Klingons can't see us?

I can hear the sound of hooves

Great news this morning and my feeling is if they can achieve a farm out for this project, then the bigger prize of the gas will surely not be far behind?

Shouldn't really comment re on-going legal cases Sniffer, otherwise you'll get a visit from the Kierstapo.

BHP getting their cash together and checking down the back of their massive sofa?

* not bad progress. Cheers Harrogate had a very busy morning and was rattling through the bb's.

Nice part of Yorkshire by the way!

It's not about drawing up a set of accounts Mr C. They will have been 99% completed, with just a couple of columns to insert/change. The wording to the accounts is they key thing and how they deem the outstanding matters which have caused suspension.

Or it might just be they are working on something else unrelated and buying a bit of time?

This was predicted and might have made it an easy trade?

Don't mind an RNS every other day with positive news. Keeps the momentum in the right direction and positive buyers moving this endlessly upwards.

There's clearly the demand in the US for our services and that's bad progress in just a few months. Hoping the word spreads over the pond, then only up wards from here.

Big late trades lining up nicely? Now why does a share behave like this all day at such a stage in it's journey?